WHAT CAN I GET?

CONDITIONS

How does the Cambia de Casa Mortgage work?

By taking out the Cambia de Casa Mortgage you will be able to advance the purchase of your new home while you sell your current one, as you have a 12-month grace period during which you will only pay the interest on the loan for your new home.

Characteristics of the Cambia de Casa loan

Up to 100% of the purchase price.

Purchase your new home while selling your old one with Banco Santander's bridging mortgage and finance up to 100% of the purchase price. The amount requested that exceeds 80% of the appraised value of the property to be acquired will be financed on up to 60% of the appraised value of the property owned, adding the existing debt, for a maximum of 100%.

To acquire your new home.

  • Purchase of primary residence: the maximum amount of the loan may be up to 100% of the purchase price of the new home, not including expenses or taxes. The maximum term for the operation will be 30 years (the term of the mortgage plus the age of the holder upon signing may not exceed 80 years).
  • The customer will be able to enjoy a grace period on repaying the capital of up to 12 months, during which he can sell his current home.
  • This mortgage can be applied for at both fixed and variable rates.
  • Compensation for withdrawal:
  • Variable Rate: one of the following conditions will be agreed:

0.25% of the capital repaid in advance when the partial or total repayment occurs during the first three years of the life of the loan,

0.15% when the partial or total repayment occurs during the first five years of the life of the loan.

In no case may the compensation exceed the amount of the financial loss1 that the Bank could suffer.

  • Fixed Rate: compensation will consist of:

2% of the principal repaid in advance when the partial or total repayment occurs during the first ten years of the life of the loan, and

1.5% of the principal repaid early when repayment occurs at a later date.

Under no circumstances may the fee exceed the amount of financial loss2 incurred by the bank.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

What requirements must I meet?

Maximum discount: 1.10%.

The first review of commitments will be at month 6 and will be applied to the rate starting in month 7.

CATEGORY

DETAIL

AMOUNTS

DISCOUNT

Income (maximum 0.50%)

Income from payroll, pension, social security payments for self-employed persons or CAP Subsidy
Salary > €600
Pension or unemployment benefits > €300
Self-employed social security > €175.
CAP Subsidy no minimum amount
0.50%

Cards (maximum 0.05%)

Credit

6 uses

0.05%
Insurance (maximum 1%)
Home
Life
Accident
Disability
Discount for every €100 of premium (individually per contract)
0.10% for every €100 of premium

Fulfilling all the above terms and conditions you qualify for a 1% discount

Sustainable Home (maximum 0.10%)

Energy efficiency certificate
A+, A, B or sustainable home
0.10%
If also compliant with the energy efficiency certificate the discount can be 1.10%


These products and services can be contracted separately from the mortgage under the same conditions.

How can I access the discounted interest rate starting the seventh month?

To obtain the discounted interest rate from the seventh month onwards you can choose between the following products or services up to a maximum discount of 1.10%:

GET INCOME PAID DIRECTLY TO YOUR ACCOUNT

Get your salary or unemployment benefit, Pension, Self-Employment Social Security payment or CAP subsidies paid directly to your accounts :

  • Discount of 0.50% applicable if any of the borrowers has a salary of at least €600/month paid directly into their account, or if any of the borrowers has a pension or unemployment benefit of at least €300/month paid directly into their account, or if the social security payment of one of the borrowers is at least €175/month paid directly into their account, or if any of the borrowers has CAP benefits paid directly into their account, regardless of the amount received.

The maximum bonus for this concept will be 0.50% on the applicable nominal interest rate, irrespective of the products or services which the borrower, or borrowers if there are several, may have contracted.


USE OF CARDS

Use Santander debit or credit cards 6 times in the three months prior to the revision of the interest rate. Maximum discount: 0.05%.


INSURANCE POLICIES

To have contracted and in effect any insurance policy marketed by Santander Generales Seguros y Reaseguros, S.A. or by Santander Vida Seguros y Reaseguros, S.A. or Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.1 with the following conditions:

  • Life Risk Life insurance.
  • Homeinsurance.
  • Accident insurance.
  • Self-employed temporary disability insurance.

Discount of 0.10% for each €100 of annual premium, individually for each of the insurance policies taken out among those indicated above (premiums are not added up). With a maximum discount of 1%.

All the above-mentioned items may yield a maximum discount of 1% when added together. Also:

ENERGY EFFICIENCY CERTIFICATE

Providing the bank with an energy efficiency certificate for the property or any of the properties subject of the mortgage, with category A+, A or B according to the relevant certificates issued by recognised companies in the sector, or the sustainable housing certificate issued by BREEAM, LEED, VERDE or PASSIVE HOUSE: discount of 0.10% on the nominal interest rate.

If you also provide an efficiency certificate according to the terms indicated above, you may add another 0.10% to your discount, which may reach a total discount of 1.10%.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

Bridging Mortgage

Icon / check Created with Sketch. Get financing for up to 100% of the purchase price.

Icon / check Created with Sketch. Maximum term of the operation: 30 years

Icon / check Created with Sketch. Up to 1,10% discount on the interest rate.

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